Public failed to respond to warnings from biz media about crisis
The public ignored warnings from the business media about an impending financial crisis, New York Times senior business writer Diana Henriques told a crowd at George Washington University, her alma mater. Evelyne Freiermuth of the Hachet writes, “One of the factors Henriques cited as possible reasons for the lack of public perception of the worsening […]
Radio turns to business news
A Seattle radio station and ABC News Radio are both adding business coverage to their repertoire. Bill Virgin, a reporter for the Seattle Post-Intelligencer, writes, “KKOL-AM/1300 this week unveiled its new identity as ‘Business Radio’ and a lineup including nationally syndicated talk host Ray Lucia at 9 a.m. weekdays, ‘Phil’s Gang,’ hosted by Phil Grande, […]
Rich CEOs are not like us, contrary to what biz media tells you
Marek Fuchs, the media critic of TheStreet.com, wonders why some media like the Associated Press write about how much money CEOs have lost during the economic crisis — just like the average investor — when they’re still performing better than the overall market. Fuchs writes, “And this is just what went on here, though the […]
The rush to be first in business journalism
James Surowiecki of the New Yorker writes about the Dow Jones story last week that falsely reported about General Electric’s outlook for 2009, causing its stock to fall, before the story was corrected. Surowiecki writes, “And it’s a massive move when you consider that the story itself sounded, from the start, improbable. Why, after all, […]
Is American Banker safe with picking a banker of the year?
Stephanie Clifford of the New York Times writes for Monday’s paper about how risky it is for American Banker to pick a Banker of the Year in a year when so many banks have struggled. It picked Bank of America CEO Kenneth Lewis. Clifford writes, “Richard Melville of American Banker said editors there felt they […]
Do Institutional Investor's analyst rankings mean anything anymore?
The Deal executive editor Yvette Kantrow writes that the Institutional Investor rankings of top analysts may have lost their clout since the latest rankings didn’t have bank analysts Meredith Whitney and Richard X. Bove, who called the current banking crisis, at the top. Kantrow writes, “Oppenhemier & Co.’s Whitney, who has been feted by everyone […]
Post's Pearlstein is all over covering the economy
Harry Jaffe of the Washingtonian profiles Washington Post business columnist Steve Pearlstein, who won a Pulitzer Prize earlier this year. Jaffe writes, “Pearlstein filed from Taos, flew to DC, and started pounding out columns. He was used to writing twice a week. Two became three, with a few hitting the front page. Disastrous news on […]
Biz journalists: We did not talk economy into a recession
A group of high-level business journalists, speaking Tuesday at the Future of Business Media conference in New York, downplayed any involvement in pushing the economy into its current crisis, reports Robert Andrews of PaidContent.org, which sponsored the event. Andrews writes, “‘This is not a press-driven event. These guys are doing a pretty responsible job, all […]
How much is media influencing the market?
Ben Steverman of BusinessWeek writes Wednesday about the influence the media plays in what happens in the stock market. Steverman writes, “Downbeat headlines and bearish market analysis in major financial publications—including BusinessWeek—have offered readers plenty of pessimism in the past couple of months as well. The media frenzy has reached a point where CNNMoney.com advises […]
Critic: CNN's "Falls of the Fat Cats" fails to produce villains
The Deal executive editor Yvette Kantrow writes Friday that the recent CNN documentary “Fall of the Fat Cats” about Wall Street executives living large despite the economic turmoil was lacking in actual “Fat Cats.” Kantrow writes, “The soiree CNN is so proud to have crashed was sponsored by Cigar Report, a magazine published by Doubledown […]
